Payment Guidelines

The Board makes every effort to avoid tuition and/or fee increases or, if an increase is necessary, to keep the increase to a minimum. However, the Board reserves the right to raise the tuition and/or fee levels on an annual basis as program considerations and financial conditions require.

In addition to tuition, the school assesses the following fees:

• Application Fee (payable upon submission of application)
• Registration Fee (one-time fee applicable to new students)
• Special Assessment Fee (applicable only to Companies who have agreed to pay this fee for their sponsored students)

Tuition and fees are set by the Board at the conclusion of the budget process (per Policy 10.105 & 10.106). The rates for the coming school year are communicated to the community after the School’s Annual General Meeting in May.

Tuition and fees are denominated in US dollars but may be paid in US Dollars or Naira.

1.The following forms of tuition payments are acceptable:

a. Checks in US dollars or Nigerian Naira. US Dollar checks must be drawn from a US bank.

b. Point of Service “POS” payments at the Business Office (subject to a 0.0075% surcharge - max of N1,200)

c. Wire transfer (payer responsible for all transfer fees)

d. Payment in Naira is (Exchange rate set by the School and provided at the time of payment)

2. For all returning students, (those who have indicated on the Survey of Intent that they are returning), tuition and fee invoices are prepared by the Business Office and sent to the designated responsible party in May. Payment is due within 30 days of issue. A late fee of 1.5% per month is charged if the invoice is not settled by the due date.

3. For pre-enrolled new students, tuition and fee invoices are prepared and issued by the Business Office upon notification by the Admissions Office of the students’ acceptance and sent to the designated responsible party. Payment is due within 30 days of issue. A late fee of 1.5% per month is charged if the invoice is not settled by the due date.

4. All enrolled students are billed for the full year’s tuition..

5. For those students whose tuition is paid by their parents’ employer/company, the full payment (100% of the tuition and other relevant fees) is payable by the due date.

6. For those students whose tuition is paid by their parents (“private-pay”), as indicated on the enrollment form, tuition may be paid in installments. There are three installment plans - Semester, Quarter and Monthly. There is a surcharge for entering into each installment plan and they are $500, $700 and $1,000 respectively. Private-pay parents electing to pay in installments are required to complete and submit an agreement to the Business Office before the 1st installment is due. The Business Office will send a reminder prior to the subsequent due date; however, it is the parent’s responsibility to make installment payments on time. A late fee of 1.5% per month is charged if the invoice is not settled by the due date.

7. The School reserves the right to automatically enroll a student into a default installment plan (quarter plan), if the tuition and fees are still outstanding after the due date and no installment plan has been entered into.

8. For any student enrolling after the beginning of the first semester, tuition will be billed for the semesters the student will attend in that school year (either in full or for the initial semester). All other relevant fees will be billed in full.

In addition to regular tuition fees, application fees, and registration fees charged to each student as described in Policy 10.400. Student Fees, special fees may be charged for certain programs and activities.

These fees may include, but are not limited to:

• Band equipment rental
• Library fines
• Individual and class photographs
• After School Activities
• Field trips
• International trips

Fees will be set by the appropriate faculty and/or administrator and approved by the Superintendent.

Fees collected may be used to directly offset the cost of the activity (i.e. payments to after-school activity instructors, field trips), or may be directed to the Annual Operating Budget, as appropriate.

The school assesses this fee to certain companies who sponsor large numbers of students in the school. The fee is assessed annually for each student enrolled. The full fee is charged for students who enroll at any time during the school year. The fee is non-refundable.

By accepting this fee payment, the school guarantees a place in the school at any time during the school year to students who have met the admission requirements from these sponsoring companies.

Failure to pay tuition billed by the due date will result in the assessment of a late penalty fee, which is 1.5% per month of the outstanding balance. This fee will be assessed retroactively for any returned checks.

The School reserves the right to offer this place to another prospective student one week before the start of the semester.